Press release
Formic acid market record an expansion rate of 5% | China and India lead the global market
Formic Acid Market
Approval of the Environmental Protection Agency (EPA) for the use of formic acid as an active ingredient in pesticide production has in turn increased its consumption manifold in the agriculture sector.
On this backdrop, Fact.MR in its latest research report reveals that the global formic acid market is projected to exhibit a CAGR of around 5% during 2019-2027, and is projected to surpass market value of US$ 800 Mn by 2027.
Click HERE to Get Synopsis of the Report-
https://www.factmr.com/report/4279/formic-acid-market
Formic acid is a suitable substitute for cleaning and de-scaling applications, increasing its application across a broad range of products, especially those requiring low concentration.
China being one of the largest exporters of formic acid is expected to gain major investments directed at brownfield capacity addition by key players.
Key Takeaways of the Formic Acid Market
Upsurge in demand for rubber from automotive industry to double during the forecast period
Companies around the globe are working to bring production cost of formic acid to less than half a dollar per kg from close to a dollar in 2019.
This move is intended to leverage possible benefits form bottom-line optimization by 2029
The global market for formic acid is consolidated with handful of producers, and only two viable production technologies, namely hydrolysis of methyl formate, and preparation of free formic acid from formats
APAC is characterized by a large number of small and medium-scale producers. A number of multinational companies are carrying out greenfield investments in India, South Korea and ASEAN Countries.
Request for Sample
https://www.factmr.com/connectus/sample?flag=S&rep_id=4279
“Silage preservative / animal feed and leather tanning applications largely define the demand growth.
APAC would continue its winning streak over the forecast period, with market players in China expected to increase production capacity in the near future” according to a Fact.MR analyst
Synergistic Collaboration Between Leading and Local Players Will be the Key to Expansion
The formic acid market has reached its maturity phase. The increasing demand of formic acid from several applications and the constant supply-demand gap will create incremental opportunities for new entrants.
Need more information about Report Methodology? Click here
https://www.factmr.com/connectus/sample?flag=RM&rep_id=4279
The global formic acid market is moderately consolidated, with a few chemical industry giants capturing a large part of the market share.
BASF SE Feicheng Acid Chemical Shandong Liaocheng Luxi Chemical are the prominent players within the global formic acid.
Companies such as BASF and Perstop are focusing on strengthening their market position in the formic acid segment with continuous collaboration and innovations related to patents and pricing of formic acid.
Recently, BASF collaborated with Addcon to develop a solution for online distribution of company’s Viafoam brand in the formic acid segment.
This has enabled BASF to increase its visibility online and enhance personalization.
Connect To an Expert
https://www.factmr.com/connectus/sample?flag=AE&rep_id=4279
Find More Valuable Insights on the Formic Acid Market
Fact.MR, in its new offering, provides an unbiased analysis of the global market for formic acid, with historical data on demand (2013-2018) and expected projections for the period 2019-2027.
The report discloses compelling insights into the demand for formic acid based on concentration (Formic Acid 85%, Formic Acid 90%, Formic Acid 94%, Formic Acid 99%) and application (Silage and Animal Feed, Leather Tanning, Textile dyeing and Finishing, Pharmaceuticals/ Food Chemicals, Rubber Products, Coatings, and Other (Deicing Agents, Drilling Fluids, etc.)) across several major regions.
Content Source
https://www.factmr.com/media-release/1136/global-formic-acid-market
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.
We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.
Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Formic acid market record an expansion rate of 5% | China and India lead the global market here
News-ID: 2269874 • Views: …
More Releases from Fact.MR
USA Demand for Microbiome Skincare Products in USA Outlook 2025-2035: Key Develo …
The U.S. microbiome skincare market is projected to experience rapid, data-driven growth over the next decade, driven by rising consumer awareness, ingredient innovation, and the integration of personalized diagnostics. Analysts estimate the U.S. microbiome skincare segment at approximately USD 0.13 billion in 2025, with a projected increase to USD 0.35 billion by 2035, representing a compound annual growth rate (CAGR) of 10.4%.
To access the complete data tables and in-depth insights,…
USA Demand for Lubricants in USA Outlook 2025-2035: Key Developments and Future …
The U.S. lubricants market is projected to experience steady growth through 2035, driven by shifts in mobility, industrial demand, and sustainability trends. The market was valued at approximately $41.2 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 2.5%, reaching $52 billion by 2035.
To access the complete data tables and in-depth insights, request a Discount On The Report here: https://www.factmr.com/connectus/sample?flag=S&rep_id=12463
…
European Demand for Intermodal Freight Transportation in UK Outlook 2025-2035: K …
"Demand for intermodal freight transport connecting the UK and continental Europe is projected to grow at a CAGR of 6.8% between 2025 and 2035, driven by rising trade volumes, decarbonization mandates, and digital logistics innovations. The intermodal market, encompassing rail, short-sea shipping, and last-mile road delivery, is expected to handle over 18 million TEUs (twenty-foot equivalent units) annually by 2035, up from 10.2 million TEUs in 2025.
To access the complete…
USA Demand for Hydroxyapatite in USA Outlook 2025-2035: Key Developments and Fut …
The United States hydroxyapatite (HAp) market is projected to experience sustained, data-driven growth from 2025 through 2035, fueled by rising clinical demand, technological innovation, and expanded applications in regenerative medicine. Market modeling indicates that U.S. consumption of hydroxyapatite will nearly double over the next decade, with strong adoption in orthopedic, dental, and advanced biomaterial sectors.
To access the complete data tables and in-depth insights, request a Discount On The Report here:…
More Releases for Formic
Track Formic Acid Price Trend Historical and Forecast
Formic Acid Price Trend and Forecast: Q3 2025 Analysis and Outlook
Executive Summary
The global Formic Acid market in Q3 2025 experienced mixed movements across regions, reflecting variations in demand, supply, logistics, and feedstock costs. In North America, prices declined due to softer downstream demand from leather, rubber, and agriculture sectors, with the Formic Acid Price Index in the USA falling by 6.10% quarter-over-quarter to an average of USD 897.67/MT. APAC markets,…
Global Formic Acid Market Research Report 2023
Formic Acid Market 2029
Formic acid (also called methanoic acid) is a colorless liquid with a sharp odor. It is also the simplest carboxylic acid. The chemical formula is HCOOH or HCO2H. Formic acid is an environmentally acceptable and highly efficient organic acid. It is used in many areas, from leather processing to feed preservation.
The global Formic Acid market was valued at US$ 244 million in 2022 and is anticipated to…
Global Formic Acid Market Size, Share & Forecast 2023
The global Formic Acid market was valued at US$ 244 million in 2022 and is anticipated to reach US$ 333.3 million by 2029, witnessing a CAGR of 4.5% during the forecast period 2023-2029.
Major factors driving the growth of the formic Acid market are:
Increasing use in the manufacturing of pesticide, leather, dyes, medicines, and rubber sectors is contributing to the formic acid market growth.
The environmental acceptability of formic acid is…
Global Formic Acid Market Research Report 2023
The global Formic Acid market was valued at US$ 244 million in 2022 and is anticipated to reach US$ 333.3 million by 2029, witnessing a CAGR of 4.5% during the forecast period 2023-2029.
Major factors driving the growth of the formic Acid market are:
Increasing use in the manufacturing of pesticide, leather, dyes, medicines, and rubber sectors is contributing to the formic acid market growth.
The environmental acceptability of formic acid is expected…
Formic Acid Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Formic Acid Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Formic Acid players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Formic Acid with respect to individual growth…
Formic Acid Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-chemical/formic-acid-market-2/79623
Formic Acid Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
The report firstly introduced the Formic Acid basics: definitions, classifications, applications and market overview; product specifications;…
